Li Ying Chat Currency: 8.9 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Bitcoin is currently priced at 65000, this kind of market is the most nerve-wracking, chasing highs fears being stuck, bottom-fishing worries catching the market halfway. In fact, the current market is quite interesting; although it hasn't skyrocketed, the focus is gradually shifting upwards, as if gathering strength. The technical indicators show a golden cross in the moving average system, and the price remains above the EMA120, indicating that both short-term and medium-term trends are improving. The MACD indicator shows that upward momentum is weakening, but there is no death cross, indicating a strong consolidation pattern. The price is currently moving between the middle track 64838 and the upper track 65323, with the middle track providing strong support. Overall, this is a typical structure of advancing two steps and retreating one in a fluctuating upward trend, with bulls in control, but facing pressure from previous highs, needing time to exchange space to digest profit positions.

Short-term Strategy Reference:

Long point 64500-64000, stop loss 63500, target 65500 aiming for 66500

Short point 66000-66500, stop loss 67000, target 65000 aiming for 64500

Ethereum

Family, Ethereum is currently priced at 1922, this position is just stuck in the previous dense trading area, with many trapped positions above, and the support below is not particularly solid, belonging to an awkward period of pressure above and support below. The technical indicators show that the EMA moving average system is forming a bullish arrangement with strong short-term momentum. The MACD indicator shows a golden cross with DIF and DEA above the zero axis, and the red bars continue to expand, indicating that bullish strength is increasing. The price is running between the middle track 1907 and the upper track 1921, with the channel opening slightly expanding, suggesting that volatility is about to increase. If the price can effectively break through the upper track of 1921 and stabilize, it may initiate a new round of increases; conversely, if it falls below the middle track, it may return to a fluctuating consolidation pattern. Overall, the technical aspect leans towards bullish, but beware of false breakout risks.

Short-term Point Reference

Long point 1850, defense 1830, stop loss 1800, target 1960 aiming for 2000

Short point 1980, defense 2010, stop loss 2040, target 1920 aiming for 1890

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